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All the dominant technology companies are integrating generative AI into their online services, from Google to Meta, Microsoft and Apple.

Google’s recent integrations of Bard, its chat-based AI tool, with a host of Google apps and services is one example of moving generative AI more directly into consumer life via text, image, and voice interactions. Bundled with everything from Gmail, Docs, and Drive to Google Maps, YouTube, Google Flights and hotels, Bard has the potential to act as a super-charged version of Google Assistant, culling enormous amounts of data online but personalizing responses to individual user data, all while working in a conversational, natural-language mode. Summarizing emails, booking trips, creating shopping lists — anything that might be done by a personal assistant — for people who don’t have a personal assistant.

After 2023’s major leap in the public consciousness about generative AI, next year individuals and businesses will be making even more decisions with AI at the center. One good example: how people travel. Generative AI will move from a behind-the-scenes driver of efficiency to the foreground, with the concept of an intelligent concierge changing consumer searches, payments, and decisions. “It will make trips more accessible, with fully voice-enabled chatbots offering instant translation and acting on behalf of a traveler,” said Eduardo Schutte, senior vice president at Amadeus, a global travel technology company.

For planning, the process will be more like talking to a travel agent, but one with access to a nearly unlimited amount of data, data that can be searched instantly and aligned with the individual. Beyond simple data points like price and date, more holistic concepts such as purpose will enter into the search process. “With generative AI, the purpose of a trip, expectations, willingness to pay, and more, can be more easily identified through chatbot conversations,” Schutte said.  

The interactions won’t end while on trips. Coming to a fork in the road on a hiking trail, a user might take a picture of the signage and ask Google Bard which way is a better bet for someone with an already-tired eight-year-old in tow. “Content will be adapted to what the traveler is looking for, while conversational generative AI chatbots will be used to ask the right questions to understand traveler preferences,” Schutte said.

But with the increasing use of AI, and the ease of incorporating it into daily life for individual benefit, concerns about consumer privacy are receiving fresh attention. At the most basic level, tools like Bard and the ability to improve the online shopping experience via personalized recommendations and streamlined product searches can create potential security risks, according to Tal Zamir, CTO of cybersecurity company Perception Point. “The AI’s deep integration into users’ data raises concerns about unauthorized access and misuse, making it crucial for shoppers to balance convenience with data protection measures,” Zamir said.

By now, after decades on the internet, consumers should mostly realize this and take the security measures that are available. And for the most part, consumers have accepted the risks in favor of the apparent rewards.

“Consumers who use Bard are giving up some of their personal data in exchange for the benefits of the tool,” Zamir said.

AI use within online experience has been growing for years already, even if not in as transparent a way as gen AI tools specifically for the consumer.

Google has been using AI in search algorithms for years without consumers focused on opt-in provisions related to AI specifically, said Max Starkov, hospitality and online travel industry technologist, consultant and digital strategist. The results generated by AI, he says, are the next phase in the “zero click” search results world that Google has been moving closer to in recent years. “Google is already implementing gen AI behind the curtains to improve the precision of their ‘no click required’ answer boxes,” he said.

Whether ChatGPT — which is also dealing with questions of data exploitation — or Google, gen AI models are moving from early advances being trained on “dead” data to gaining more knowledge from the ever-evolving internet and real-life search and pathing behavior of users. Online shopping and travel booking is a repository of individual user psychology and preferences, with aspirations and goals layered into seemingly innocuous research for a new camping tent.

What did you search? When did you search? Was the answer box sufficient to answer your question/query or did you click on a link? Which link did you click on from the SERPs (Search Engine Results Pages).

A search for camping gear by someone who has also searched in the past a lot for Star Wars and climate change might get recommended sustainable campaign bags featuring Han Solo. Or planning a trip to Florida may turn up Airbnbs near the Hemingway House for someone who has ordered “A Farewell to Arms” or “For Whom the Bell Tolls.” 

Google is positioning Bard as a complement to online search rather than a new enhanced version of it. “A creative collaborator,” said a Google spokeswoman, which she added is being used in ways that are different from how people typically look for information with Google Search.

“People are coming to Bard for help with all sorts of projects — like writing resumes, creating workout routines and planning dream vacations,” she said.

The company says it is also clear about the protection of personal information with content from Gmail, Docs and Drive, “not seen by human reviewers, used by Bard to show you ads or used to train the Bard model.”

And the spokeswoman said users are in control of privacy settings — deciding how to use these extensions, including the ability to turn them off at any time.

Internet privacy watchdogs remain wary.

For Jeff Chester, executive director of the Center for Digital Democracy (CDD), a Washington, D.C.-based non-profit organization — who has been tracking the internet from a consumer privacy standpoint since the 1990s — the latest AI is an extension of a business model that has more or less been the same for decades. Clearly, AI has a host of positive implications, Chester said, in health innovation, for example. “But basically, it’s just another shattering of the glass in terms of privacy and identity and autonomy,” he added. And its powers of persuasion make a focus on the consumer tradeoffs even more critical. Implicit in the corporate view that AI will understand you better than ever before is a potential rewiring of society, “and what you buy and consume,” he said. 

In the case of Google, some old privacy scores have just been settled. Regulators continue new work on the underlying issues — on a broad scale. The FTC started a “commercial surveillance” rulemaking process in late 2022, with an update expected in the first quarter of 2024. The Consumer Financial Protection Bureau is proposing rules to rein in data brokers. President Biden’s executive order on AI also calls on regulators to act.

But Chester, who speaks directly with FTC officials, and describes the current leadership as notable for being “privacy forward,” says that despite the significant regulatory promise of the FTC and CFPB efforts, AI and privacy has not yet been “on the map” in the way it should be.

“I don’t look at it as a new innovative approach but a continued evolution in the interests of companies and advertisers to know exactly who you are, and what you are doing,” Chester said. “AI will up the ante on all of it.”

Consumers have always had options — such as removal of cookies, privacy-aware browsers — but practically speaking, most individuals accept what they get in return for sharing. “It’s the original sin of the internet and it’s too late to repent all digital sinners,” Chester said. “Who is going to say, ‘I don’t want my supermarket to have data, so I don’t get discounts? Or Waze, so I don’t know where the pharmacy is?” Chester said.

Bard extensions are expected to become even more personalized and integrated with the online shopping experience, according to Zamir, including automatically filling out checkout forms, tracking shipments, and comparing prices automatically. All of this entails risk, he said, from unauthorized access to personal and financial information during the automated form-filling process, malicious interception of real-time tracking information, and even potential manipulation of price comparison data.

“The benefits of Bard should be weighed against the potential dark consequences, and consumers must exercise caution and prioritize their privacy before embracing Bard or other AI-powered tools,” Zamir said.

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Bitcoin accelerates its slide, falling toward $90,000 to start the week

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Bitcoin accelerates its slide, falling toward ,000 to start the week

Dado Ruvic | Reuters

Bitcoin briefly dropped below the $90,000 mark on Monday, extending its slide as investors continue to dump growth oriented assets like crypto and tech stocks.

The price of the flagship cryptocurrency was last lower by 3% at $91,358.66 to start the week, according to Coin Metrics. Earlier, it fell as low as $89,259.00. Bitcoin is down 10% in the past week.

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Bitcoin extends its slide as growth-oriented assets continue to get hit

Ether lost 7% Monday and the broader crypto market, as measured by the CoinDesk 20 index, dropped more than 5%. Shares of Coinbase and MicroStrategy slid 4% and 3%, respectively. Mara Holdings declined 4% and Core Scientific retreated by 2%.

Crypto assets’ decline began last week after stronger-than-expected payroll numbers caused a spike in bond yields and amid concerns about President-elect Donald Trump’s tariff plans – both of which gave a boost to the dollar while pressuring bitcoin and other risk assets.

“The need for liquidity is caused by FX spikes because of strong end-of-year U.S. economy number, the stock market rallying strong, and there are other places money is needed in the short-term,” said James Davies, co-founder and CEO at crypto trading platform Crypto Valley Exchange. “If we want bitcoin to act like a currency, we need to accept when it does, and this is one of those times. The U.S. Dollar has gotten stronger ad everything else including bitcoin is weaker when measured in dollars.”

Investor sentiment was optimistic coming into 2025, with markets looking forward to having a pro-crypto Congress and White House. That hope had outweighed any concern about macroeconomic-related speedbumps, until last week.

Investors are now warning that the first quarter of this year could be more turbulent for crypto than previously anticipated.

Bitcoin’s price grew 120% in 2024 but is down 3% so far in the new year.

Don’t miss these cryptocurrency insights from CNBC Pro:

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New AI tool for fighting health insurance denials could save hospitals billions, and help patients

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New AI tool for fighting health insurance denials could save hospitals billions, and help patients

The Waystar team celebrates its IPO at the Nasdaq

2024 Nasdaq, Inc. / Vanja Savic

Health-care payments company Waystar on Monday announced a new generative artificial intelligence tool that can help hospitals quickly tackle one of their most costly and tedious responsibilities: fighting insurance denials. 

Hospitals and health systems spend nearly $20 billion a year trying to overturn denied claims, according to a March report from the group purchasing organization Premier. 

“We think if we can develop software that makes people’s lives better in an otherwise stressful moment of time when they’re getting health-care, then we’re doing something good,” Waystar CEO Matt Hawkins told CNBC.

Waystar’s new solution, called AltitudeCreate, uses generative AI to automatically draft appeal letters. The company said the feature could help providers drive down costs and spare them the headache of digging through complex contracts and records to put the letters together manually. 

Hawkins led Waystar through its initial public offering in June, where it raised around $1 billion. The company handled more than $1.2 trillion in gross claims volume in 2023, touching about 50% of patients in the U.S. 

Claim denials have become a hot-button issue across the nation following the deadly shooting of UnitedHealthcare CEO Brian Thompson in December. Americans flooded social media with posts about their frustrations and resentment toward the insurance industry, often sharing stories about their own negative experiences. 

Read more CNBC reporting on AI

When a patient receives medical care in the U.S., it kicks off a notoriously complex billing process. Providers like hospitals, health systems or ambulatory care facilities submit an invoice called a claim to an insurance company, and the insurer will approve or deny the claim based on whether or not it meets the company’s criteria for reimbursement. 

If a claim is denied, patients are often responsible for covering the cost out-of-pocket. More than 450 million claims are denied each year, and denial rates are rising, Waystar said. 

Providers can ask insurers to reevaluate claim denials by submitting an appeal letter, but drafting these letters is a time-consuming and expensive process that doesn’t guarantee a different outcome.

Hawkins said that while there’s been a lot of discussion around claims denials recently, AltitudeCreate has been in the works at Waystar for the last six to eight months. The company announced an AI-focused partnership with Google Cloud in May, and automating claims denials was one of the 12 use cases the companies planned to explore.

Waystar has also had a denial and appeal management software module available for several years, Hawkins added.

AltitudeCreate is one tool available within a broader suite of Waystar’s AI offerings called AltitudeAI, which the company also unveiled on Monday. AltitudeCreate rolled out to organizations that are already using Waystar’s denial and appeal management software modules earlier this month at no additional cost, the company said. 

Waystar plans to make the feature more broadly available in the future. 

“In the face of all of this administrative waste in health-care where provider organizations are understaffed and don’t have time to even follow up on a claim when it does get denied, we’re bringing software to bear that helps to automate that experience,” Hawkins said.

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AWS and General Catalyst partner to speed up development of health-care AI tools

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AWS and General Catalyst partner to speed up development of health-care AI tools

Attendees walk through an expo hall at AWS re:Invent, a conference hosted by Amazon Web Services, at the Venetian in Las Vegas on Nov. 28, 2023.

Noah Berger | Getty Images Entertainment | Getty Images

Amazon Web Services and venture capital firm General Catalyst on Monday announced a new multi-year partnership in their latest push to carve out a piece of health-care’s growing artificial intelligence market. 

Through the collaboration, General Catalyst portfolio companies will use AWS’ services to build and roll out AI tools for health systems more quickly. Aidoc, which applies AI to medical imaging, and Commure, which automates provider workflows with AI, will be the first two companies to participate.

No financial terms were disclosed in the announcement.

“Without a strong partner like Amazon and AWS to stand alongside them, to co-develop and support these companies … it’s not going to move as fast as we hope,” Chris Bischoff, head of global health-care investing at General Catalyst, told CNBC in an interview. 

Health systems are strained in the U.S., with staff burnout, growing labor shortages and razor-thin margins. These challenges often seem enticing for enterprising tech startups to tackle, especially as the multi-trillion dollar health-care industry dangles the prospect of large financial returns. 

Hospitals operate in a complex, technology-weary and highly-regulated sector that can be difficult for startups to break into. General Catalyst is hoping to help its companies fast-track the development and go-to-market process by leveraging resources like computing power from AWS.  

Read more CNBC reporting on AI

General Catalyst is no stranger to taking big swings in health-care. 

The firm has closed more than 60 digital health deals since 2020, behind only Gaingels and Alumni Ventures, according to a December report from PitchBook. Last January, General Catalyst shocked the industry by announcing that its new business, the Health Assurance Transformation Company, planned to acquire an Ohio-based health system – an unprecedented move in venture capital. 

General Catalyst’s “deep understanding” of health systems’ financial and operating realities made it an attractive partner for AWS, Dan Sheeran, AWS’ general manager of Healthcare & Life Science, told CNBC. Sheeran and Bischoff began outlining the collaboration between the two groups after meeting in London around nine months ago.   

AWS also has an established presence in the health-care sector. The company offers more health- and life-sciences-specific services than any other cloud provider, according to a release, and it inked other high-profile AI partnerships with GE HealthCare, Philips and others last year. 

The partnership between General Catalyst and AWS will stretch over several years, but new tools from Aidoc and Commure are coming in 2025. Aidoc is exploring how it can use the cloud to tap data modalities across pathology, cardiology, genomics and other molecular information, for instance. 

Aidoc and Commure were selected to kick off the collaboration because they have both established a product-market fit, are operational and are focused on issues that are a high priority for AWS customers.

“GC has spent a lot of time thinking about how health systems can transform themselves, and we recognize that it’s not going to be through 1,000 companies, and we need solutions that are really enterprise grade,” Bischoff said. “Amazon shares the same vision, so we are starting with these two.”  

Though the partnership between General Catalyst and AWS is still in its early days, the organizations said they believe it will help serve as a way to meet the market’s growing demand for new solutions. 

“Health system leaders who want to realize the benefits of AI now have an easier way to accomplish that,” Sheeran said.

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